http://www.aicpa.org/pubs/jofa/jun2007/stantial.htm
This link provides access to the AICPA Journal of Accountancy article on "ROI on XBRL - Interactive data cuts reporting costs today" by John Stantial. According to Mr. Stantial, "it appears highly likely that XBRL will be either an optional or mandated form of filing in the near future."
http://www.npr.org/templates/story/story.php?storyId=15127372
This is an article run by NPR regarding investors rights to sue third parties such as accounting firms (audit liability), banks, etc. It is related to the Enron fraud and investors attempts to sue the banks involved for losses sustained.
http://www.xbrl.org/Philadelphia%20Presentations/Ball.pdf
This link provides an interesting brief/speech given during the 2006 XBRL International Conference in Philadelphia. It talks about XBRL in the global business world. It discusses how XBRL plays a major role for end users, regulators, auditors, and managers to provide credible and efficient business data. The need for XBRL is growing and is becoming an international need. It provides data to the marketplace more efficiently thus facilitating better decision making.
http://www.accountingweb.com/cgi-bin/item.cgi?id=15901&d=101
This is a helpful XBRL fact sheet that explains all the benefits of XBRL. It leverages internet efficiencies for reporting and researching financial data. It provides data to investors and other end users accurately and efficiently. XBRL has also reduced the time it takes to analyze data and reduced the risk of errors occurring by eliminating the need to re-key the data into the users systems.
http://www.npr.org/rss/
NPR is using xml to distribute news headlines. Didn't realize the number of manners xml is being used.
__http://www.accountingweb.com/cgi-bin/item.cgi?id=104120__
This link discusses the importance of graduating accounting majors acquiring knowledge on Information Technology controls, ERP systems, and XBRL thru a devoted class time such as AIS.
Let's use this page to post any current news, discussions, etc. related to accounting, auditing and of course AIS.
http://www.marketwatch.com/news/story/FASB-Accounting-Standards-CodificationTM-Expected/story.aspx?guid=%7BCAC58617-CDFB-41E5-B2B8-F107126C6BA3%7D
FASB Accounting Standards Codification(TM) Expected to Officially Launch on July 1, 2009Prior to that date, the FASB plans to declare the Codification as the official single source of authoritative nongovernmental U.S. GAAP
http://eosweb.larc.nasa.gov/PRODOCS/ceres/ceres_dataflow.html
The Data Flow Diagrams are not only for accounting. This webpage shows how NASA also uses DFDs.
http://www.iasb.org/xbrl/index.html
This discusses how an international taxonomy has been published for International Financial Reporting Standards
XBRL Europe Organization Formed
http://conference.xbrl.org/conference-news
This article discusses how xbrl will be used for European companies also
Financial Reporting
http://news.bowne.com/pages/bowne/Story.nsp?story_id=118596381&ID=bowne&scategory=Bowne&
Using Interactive Data for Business Reporting (PDF link)
http://www.businesswire.com/portal/binary/com.epicentric.contentmanagement.servlet.ContentDeliveryServlet/services/ir_and_pr/ir_resource_center/editorials/2007/using_interactive_data_for_business_reporting.pdf
SEC Plan Would Make Mutual Fund Info Easier to Read
http://www.usatoday.com/money/perfi/funds/2007-11-15-fund-disclosure_N.htm
SEC Requiring XBRL To Help All Investors Learn Firms' ABCs
http://money.cnn.com/news/newsfeeds/articles/newstex/IBD-0001-20613959.htm
SEC Boosts Interactive Data Project
http://www.law.com/jsp/ihc/PubArticleIHC.jsp?id=1192093401567
http://www.cpa2biz.com/Content/media/PRODUCER_CONTENT/Newsletters/Articles_2007/CorpFin/Serious_About_XBRL.jsp
This article discusses why XBRL is important to the accounting profession.
SEC PCAOB UPDATE & LINKS
http://www.aicpa.org/pubs/jofa/jul2002/lindow.htm - This link discusses internal control and the auditor's changing role at the third largest Thrift Bank in Califronia.
http://technology.timesonline.co.uk/tol/news/tech_and_web/the_web/article1883175.ece -- we have talked so much about tech in this class (such as wiki) i thought this article talking about a digital dashboard type environment was relevant
http://en.wikipedia.org/wiki/COSO#COSO_Enterprise_Risk_Management_Framework:_Now_Eight_Components_.26_4_Objectives
This link gives a good quick summary of COSO and the control framework. I would have pasted it into Chapter 7 but is was not available.
http://www.aicpa.org/pubs/jofa/jun2007/stantial.htm
This link provides access to the AICPA Journal of Accountancy article on "ROI on XBRL - Interactive data cuts reporting costs today" by John Stantial. According to Mr. Stantial, "it appears highly likely that XBRL will be either an optional or mandated form of filing in the near future."
http://antifraud.aicpa.org/Resources/CPAs+and+Others+Performing+Fraud+Consulting+Services/Programs+and+Controls/Analyzing+Internal+Controls+for+Fraud+Opportunities/
This link provides access to information on analyzing internal controls for fraud opportunities. The sections of this document that are really relevant to this class is common fraud schemes and their red flags and common types of computer fraud. The sections relevant to auditing are uncovering fraudulent disclosures and identifying vulnerability to fraud among managers and directors.
If you are not a subscriber to Compliance Week, I would recommend that you subscribe as it has very interesting articles. Here is a link to a list of articles relating to internal controls that are interesting and current: http://www.complianceweek.com/index.cfm?fuseaction=article.AdvancedSearchResults&search_ID=74
http://www.cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=EDYR-73HMGT&SecNavCode=MSRA-6NR6GX&ContentType=Content
PCAOB approves new auditing standard no. 5.
Although this is an older article, it tells how a well-known company, Boeing, adopted the COSO principles: http://www.coso.org/audit_shop.htm
http://accounting.smartpros.com/x59017.xml
More proof that SOX has helped boost accounting firms' growth (with lower billable hours).
http://www.npr.org/templates/story/story.php?storyId=15127372
This is an article run by NPR regarding investors rights to sue third parties such as accounting firms (audit liability), banks, etc. It is related to the Enron fraud and investors attempts to sue the banks involved for losses sustained.
http://www.xbrl.org/Philadelphia%20Presentations/Ball.pdf
This link provides an interesting brief/speech given during the 2006 XBRL International Conference in Philadelphia. It talks about XBRL in the global business world. It discusses how XBRL plays a major role for end users, regulators, auditors, and managers to provide credible and efficient business data. The need for XBRL is growing and is becoming an international need. It provides data to the marketplace more efficiently thus facilitating better decision making.
http://www.accountingweb.com/cgi-bin/item.cgi?id=15901&d=101
This is a helpful XBRL fact sheet that explains all the benefits of XBRL. It leverages internet efficiencies for reporting and researching financial data. It provides data to investors and other end users accurately and efficiently. XBRL has also reduced the time it takes to analyze data and reduced the risk of errors occurring by eliminating the need to re-key the data into the users systems.
http://www.npr.org/rss/
NPR is using xml to distribute news headlines. Didn't realize the number of manners xml is being used.
__http://www.accountingweb.com/cgi-bin/item.cgi?id=104120__
This link discusses the importance of graduating accounting majors acquiring knowledge on Information Technology controls, ERP systems, and XBRL thru a devoted class time such as AIS.
http://www.esj.com/business_intelligence/article.aspx?EditorialsID=8283
This link discusses XBRL and XBRL GL and includes information regarding PwC's use of XBRL and their push for all of their clients to use it when filing with the SEC.
http://www.foxbusiness.com/markets/industries/technology/article/rr-donnelley-edgar-online-launch-tryxbrlcom_535816_12.html
Article announcing the launch of RD Donnelly and Edgar Online TryXBRL.com - first public website to view and anaylze completed XBRL-tagges finaincal statements.
http://www.tryxbrl.com
http://www.xbrleducation.com/
Article discussing XBRL w/ links to educational resource sections
http://www.xbrl.org/LatestNews/
This website addresses the latest news with XBRL
xbrlblog.com eXtensible Business Reporting Language Blog.
http://www.cfo.com/article.cfm/11566491 Will the US move from GAAP to IFRS?
This research provides answer for some of the questions and helps understand what efforts are needed to create a taxonomy for external reports used at the state level.
http://proquest.umi.com.ucfproxy.fcla.edu/pqdweb?index=2&did=1498096121&SrchMode=1&sid=1&Fmt=4&VInst=PROD&VType=PQD&RQT=309&VName=PQD&TS=1215659446&clientId=20176
http://www.govexec.com/story_page.cfm?filepath=/dailyfed/0908/091008rb1.htm
This article relates to the major issues DCAA, a major government audit agency, is facing as a result boosting their metric system instead of their quality of work
http://www.theregister.co.uk/2006/08/15/beer_diapers/
The parable of the beer and diapers.
http://www.nysscpa.org/cpajournal/2007/507/essentials/p34.htm
This article talks about security threats that accounting information systems face and how to address them.
https://www.complianceweek.com/article/2700/flowcharts-see-revival-as-auditing-tool
This is a good article to read on flowcharting.
http://findarticles.com/p/articles/mi_m4153/is_4_61/ai_n6169120
The matrix revisited: risk and control matrices can provide internal auditors with a comprehensive picture of the tools management uses to ensure accurate financial statements
http://news.cnet.com/8301-13578_3-10068446-38.html
This article cites how XBRL will help bring SEC information up to the current standards of data availability on the web